Info Edge’s Jeevansathi To Infuse INR 30 Cr In Its Subsidiary Aisle

Info Edge-owned matrimonial portal Jeevansathi is set to infuse INR 30 Cr (around $3.5 Mn ) into its wholly-owned subsidiary Aisle Network Private Limited.

“This is to inform you that Jeevansathi has in its meeting of the board of directors held today, March 17, 2025, agreed to invest an amount of about INR 30 Cr in its subsidiary Aisle Network Private Limited, a step down subsidiary of the company,” Info Edge said in an exchange filing today.

The fresh capital will be used to meet the working capital requirements of Aisle and the investment will be made within 30 days from the approval, the filing added. 

As a part of this investment, Jeevansathi will acquire 12,293 equity shares having a face value of  INR 10 each and at a premium of INR 24,388.19, for the abovementioned sum. 

Post the investment, Info Edge’s shareholding in Aisle through Jeevansathi would be 92.83% on a fully converted and diluted basis from its 89.17% stake currently. 

Founded in 2014 by Able Joseph and Sarath Nair, Aisle is a dating startup that operates through its main website and app, Aisle, alongside regional and culturally specific apps such as Anbe, Arike, Neetho, and Jalebi. 

On the financial front, Aisle reported a revenue of INR 34.8 Cr and a net profit of INR 27.42 Cr in the financial year ending March 2024. This is against a revenue of INR 31.4 Cr reported in FY23.

Info Edge is an online classifieds company in India, known for its diverse portfolio that includes leading platforms like Naukri.com, 99acres.com, Jeevansathi.com and Shiksha.com. 

It counts listed giants such as foodtech major Zomato, insurtech startup PB Fintech, and unlisted edtech company Adda247, NoPaperForms in its portfolio. 

Earlier this month, NoPaperForms in which Info Edge holds 48% state, got the board’s nod to go for an initial public offering.

The Sanjeev Bikhchadani-led Info Edge through its investment arm Info Edge Ventures has invested in several companies over time. The most recent ones are Bengaluru-based deeptech startup Anscer Robotics, pet care startup Sploot, and legal tech startup  LegitQuest, among others. 

Recently, its board approved an investment of up to INR 1,000 Cr in IE Venture Investment Fund III, a scheme to be launched by Karkardooma Trust, a SEBI-registered Category II Alternative Investment Fund (AIF).

On the financial front, Info Edge’s consolidated net profit zoomed over 141% year on year and 240% quarter on quarter to INR 288.41 Cr in the December quarter of the financial year 2024-25 (Q3 FY25). 

Its operating revenue surged 15% to INR 722.39 Cr during the quarter under review from INR 627.12 Cr in the year-ago period. Sequentially, it rose a little over 3% from 700.82 Cr.